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Kurdistan's (et al): We will protect ourselves, our money as long as Iraq has full sovereignty
By Adminmo 19/5/2014 08:17
According to a member of the Finance Committee for the Kurdistan Democratic Party MP Najiba Najib it is time to protect our money for ourselves as long as Iraq's sovereignty is full.
Najib stressed in a statement singled out by the reporter and the news agency news agency (et) to be under the protection of Iraq without the other, indicating that we need for this protection came as a result of the practices of the former regime and came because of this fear.
He said a member of the Finance Committee that after the withdrawal of Iraq from Chapter VII and meet its debts to Kuwait is imperative that returned that money to Iraq and invest in it and we need to make more efforts to develop a vision and a clear investment projects serve the infrastructure and the citizens we are taking all measures to protect Iraq's money and return it .
A member of the Finance Committee for the Iraqi List Hassan Suleiman said Iraq had already paid last year, $ 500 million in interest for the Iraqi funds in America.
said Solomon in a statement singled out by the Agency for News News (et) that these funds are protected by the agreement with the United States does not need Iraq to renew being fulfilled its debts with Kuwait as the seventh item, and this money will go back to Iraq and to the Central Bank and forwarded to the Ministry of Finance for the purpose of entering into the budget. , and is the twenty-second of May of each year, the date the annual renewal of the extension of the protection of Iraqi funds in the United States, which amounts to a total value of approximately 180 billion dollars is renewed every year on the same date has already and that Iraq's request of the U.S. administration for three consecutive times to protect his money deposited in U.S. banks for the years from 2011 to 2014, especially after fulfilling its obligations to creditors while Iraq is the countries that have crossed a lot of debt Bzmtha and finished from that debt to more than 43 countries and the rest of the approximately eight countries will be met with the repayment, according to the agreements signed in the Paris Club. Yet near the schedule confirmed by the Ministry of Finance said that Iraq will ask the U.S. side to renew its protection of its funds deposited in U.S. banks, the Bank shall CBI responsibility of management after the withdrawal of Iraq from the provisions of Chapter VII of the Charter of the United Nations. while assuring the Central Bank of Iraq, Iraq's ability to protect those funds, especially since he plans in advance for how to manage them and defend them under the regulations and international conventions. said the former deputy governor of the central bank, the appearance of Mohammed Saleh, said that "Iraq has met its obligations to creditors who appeared after the year 2003, whether they are governments or traders or businessmen, according to the Paris Club agreement, the judge, to pay 20 percent of the amounts owed by him in the form of payments for waiver of those actors about 80 percent, or pay 10 percent in cash in exchange for ceding 90 percent.
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